The proposed fiscal package by former President Trump offers a significant tax relief for seniors, with an additional ...

As the 2026 tax landscape begins to take shape under President Trump's newly released budget proposal, one key question has emerged for millions of retirees: will Social Security i ...

New tax cuts. Massive spending on border security. Cuts to social safety net programs. Pullbacks on investments to fight ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions. An AICPA statement said it is “deeply troubled” by the plan to curtail use ...

You may have gotten a surprise IRS tax bill that left you wondering what happened. Here are six reasons you might have owed more taxes and what to do about it.